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News Breaks
January 9, 2013
19:14 EDTARPAtlas Resource Partners provides update on operations, hedging program
Atlas Resource Partners has provided an update on its operations and hedging program. Including the acquisitions completed in 2012 and its current drilling plans, ARP is forecasting FY13 net production in a range of 51 Bcfe to 56 Bcfe. The company has the following hedge positions for 2013: Natural gas: approximately 31 Bcf at an average price of $3.89/mcf; NGLs: approximately 165,000 bbl at an average price of $92.69/bbl; Crude oil: approximately 373,000 bbl at an average price of $92.30/bbl. The company anticipates 2013 CapEx of $175M. The company intends to raise at least $150M in investor funds in 2013 and to deploy $190M of investor funds in 2013. ARP expects FY13 limited partnership distributions of at least $2.35 per unit.
News For ARP From The Last 14 Days
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July 21, 2015
10:01 EDTARPOn The Fly: Analyst Downgrade Summary
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07:23 EDTARPAtlas Resource Partners downgraded to Underperform at Raymond James
As previously reported, Raymond James downgraded Atlas Resource Partners to Underperform from Market Perform. The firm believes the Atlas is close to hitting leverage covenants in the wake of declining cash flows and failing commodity prices.
07:17 EDTARPAtlas Resource downgraded to Underperform from Market Perform at Raymond James
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